Decision details

Procurement of Corporate Insurances and Related Procurement of a Broker

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Cllr Ray Theodoulou, Cabinet Member for Finance and Change, sought approval to tender for the council’s corporate insurance policies and to award a contract for such policies with effect from 24 June 2018. Cllr Theodoulou also sought approval to award a contract for insurance brokerage services to the incumbent supplier of such services, (to specifically assist in the procurement of the contract for corporate services and claims handling).

 

Having considered all of the information, including known proposals and the reasons for the recommendations, Cabinet noted the report and, 

 

RESOLVED to authorise the Director of Strategic Finance to: -

 

(a)  Conduct a legally compliant competitive procurement process through the Crown Commercial Service’s Insurance Framework (RM3731) for the supply of Corporate Insurance policies; and for the Director of Strategic Finance, in consultation with the Cabinet Member for Finance and Change, to award the contract to commence on 24 June 2018 and continue for a period of 3 + 2 years or 5 years if more cost efficient, in accordance with the terms of the tender process; and to

 

(b)  Make a legally compliant direct award of a contract for brokerage services to the incumbent supplier of such services (namely “ Marsh Limited”) through the Crown Commercial Service’s (CCS) RM3731 framework, specifically to assist in the procurement of the contract for Corporate Insurances and claims handling.

 

 

 

Report author: Cllr Ray Theodoulou

Publication date: 13/12/2017

Date of decision: 13/12/2017

Decided at meeting: 13/12/2017 - Cabinet

Effective from: 21/12/2017

Accompanying Documents: